Looking for opinion on Gold purchase

Gold Maple Leafs are an excellent choice. They usually sell for cheaper than most other bullion coins AND the 2014 versions have an excellent security feature that can be scanned and authenticated when you decide to sell.

http://www.mint.ca/store/mint/about-the-mint/bullion-dna-8900026#.U770gLGHL84

 

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Between those options I would go like the rest here: Maple Leaf. It's an easy decision.

I would like to second the old US gold suggestion though. It's a bit of a different strategy, but worth doing your due diligence before purchasing.

 

I do like the purity of the maple leaf.

 

That is a nice piece of gold, i like that security feature.

The problem is trying to sell a Gold Maple Leaf, you couldn't get $25 for that coin.

 

The problem with videos like that is the bias. It is not a fair representation. Much like media polls. You will have no problem selling a Gold ML. I could go around "polling" how much a piece of industrial equipment is worth and get low-balled all day. It doesn't mean that it isn't worth what it is worth to the right people with need.

 

That's why many people prefer to buy from and sell to reputable dealers. They'll know what a Maple Leaf is and pay you fairly for it. No one should ever have a problem selling a Maple Leaf if they know where to go.

 

Both of you are totally missing the point, which is to demonstrate the absolute and total IGNORANCE of many Americans regarding precious metals.

It also demonstrates the fact that many in the middle class live paycheck to paycheck, and are essentially BROKE, except for an occasional payday splurge at Starbucks. Stackers 1, Proletariat 0.

 

Thank you Doug444.

Guy's, i posted that as a joke. Of course you could sell a gold Maple Leaf for more then $25. Just wanted to show how few of us "stackers-collecters" there really is compared to the masses.

Be proud that you have more knowledge then the average Joe.

 

I get it. My point was that the few people in videos like that do not represent the masses accurately if at all.

 

How do you know? Why did Coin World estimate that only about 1% of the households in the U.S. are (currently) invested in precious metals? The lethargic prices of the past two years, manipulated or not, suggest only weak to moderate interest in acquiring gold or silver.

 

I think that 6 years ago, many thought that the "end" would have come and gone by now, and everyone would be bartering gold and silver for chickens.It didn't happen. We need not discuss the reasons it didn't or even if one thinks it did and I am just a financial fool and the bullion people are right. Now even a rehash of Portugal and the Euro problems only flutters the price a little.

 

LOL...If people really believe the Fed is that stupid, they should rethink their guess, yes guess, because they have no idea. Take a good look at reality vs fantasy, and reality will tell you that petro dollar will be be the petro dollar, and that will be true until they run out of ideas and plans and schemes and every other thing they can think of.

It's really not too hard to understand. If you've been at the top of the food chain for a few hundred years, you don't really give that chair up without a fight.

People are lemmings. If you take a look at mintages for bullion coins, silver specifically, 2011 and 2012 were off the charts. They were because people are lemmings and they follow the crowd. Unfortunately, following the crowd will almost always get you to the event after the real action has ended. You get to watch the clean up...or get cleaned out

 

'People are lemmings.' This is a misconception towards lemmings and a good illustration also of how some people follow a crowd , even when they think they are doing the opposite.

"The misconception of lemming "mass suicide" is long-standing and has been popularized by a number of factors. It was well enough known to be mentioned in "The Marching Morons", a 1951 short story by Cyril M. Kornbluth. In 1955, Disney Studio illustrator Carl Barks drew an Uncle Scrooge adventure comic with the title "The Lemming with the Locket". This comic, which was inspired by a 1953 American Mercury article, showed massive numbers of lemmings jumping over Norwegian cliffs.[10][11] Even more influential was the 1958 Disney film White Wilderness, which won an Academy Award for Documentary Feature, in which staged footage was shown with lemmings jumping into certain death after faked scenes of mass migration.[12] A Canadian Broadcasting Corporation documentary, Cruel Camera, found the lemmings used for White Wilderness were flown from Hudson Bay to Calgary, Alberta, Canada, where they did not jump off the cliff, but were in fact launched off the cliff using a turntable.[13][14]"

http://en.wikipedia.org/wiki/Lemming

 

Probably gave up in despair after they neglected to stack any silver before edited: read rules on abbreviations of unallowed words.

 

My point is the masses tend to do the wrong thing at the wrong time and they get the wrong results.

It's pretty simple to me. Once you find out or hear that something is hot, you're too late.

 

For those who may be interested, it's a classic.
http://www.amazon.com/Contrary-Thin...4610&sr=1-3&keywords=art+of+contrary+thinking

 

Back to the original question, if you are going to buy gold for your portfolio and do not plan to sell it in your lifetime, buy bullion coin that you enjoy to look at. In the long run, the cost of the premium will be negligible. It sounds like you are buying it for diversification. If the difference in the premium cost is a serious factor in your purchase, you probably do not need it in your portfolio.